Sara Stokes Scholarship Tr in Providence, Rhode Island (RI)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Sara Stokes Scholarship Tr | |
| Employer Identification Number (EIN) | 026092657 |
| Name of Organization | Sara Stokes Scholarship Tr |
| In Care of Name | Fleet Bank Of New Hampshire Ttee |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 04/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,555,676 |
| Amount of Income | $1,464,206 |
| Form 990 Revenue Amount | $106,147 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $1,464,206 (it was $201,503 in 2012)
| This organization: | $1,464,206 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $1,555,676 (it was $1,407,243 in 2012)
| Sara Stokes Scholarship Tr: | $1,555,676 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $59,914
| This organization: | $59,914 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 24.4
| Sara Stokes Scholarship Tr: | 24.4 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 0.0%
| Sara Stokes Scholarship Tr: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $67,126 | $67,126 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $33,461 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $33,665 | |||
| Total expenses and disbursements | $59,914 | $7,535 | $0 | $48,824 |
| Compensation of officers, directors, trustees, etc. | $12,035 | |||
| Total operating and administrative expenses | $16,914 | $7,535 | $5,824 | |
| Contributions, gifts, grants paid | $43,000 | |||
| Excess of revenue over expenses and disbursements | $7,212 | |||
| Net investment income | $59,591 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,407,243 | $1,484,581 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $92,247 | |
| Investments-corporate stock | $1,145,074 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $169,922 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,407,243 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $33,665 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,192 |
| Total credits and payments | $2,020 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,020 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $828 |
| Amount to be credited to 2013 estimated tax | $828 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,469,835 |
| Net value of noncharitable-use assets | $1,447,780 |
| Minimum investment return | $72,389 |
| Distributable Amount (for 2012) | |
| Distributable amount | $71,851 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $71,851 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $64,494 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Sara Stokes Scholarship Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-04 | $1,464,206 |
| 3 | John P Burke Memorial Fund | One Button Hole Drive No 2, Providence, RI 02909-5750 | RI | 1947-10 | $836,019 |
| 4 | Katherine A Burton Trust Dtd 070287 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-10 | $601,553 |
| 5 | Alice I Sullivan Charitable Trust | 162 Middle St, Pawtucket, RI 02860-1013 | RI | 1998-01 | $464,582 |
| 6 | William J Schiff Tr Ua Fbo E Schiff, Natwest Bank Na | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-06 | $372,003 |
| 7 | Theodore & Revell Wright Memorial Fund, Hadley Wayne N Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-10 | $288,952 |
| 8 | John Henry White Jr Revocable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-04 | $212,549 |
| 9 | Maude-Frances Childrens Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-05 | $205,247 |
| 10 | Major Jeremiah P Murphy Scholarship Foundation | 1 Home Loan Plz Ste 3, Warwick, RI 02886-1764 | RI | 1996-01 | $199,074 |
| 11 | Priscilla Ordway Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-07 | $194,996 |
| 12 | Arthur E Coia Scholarship And Education Fund | 410 South Main Street, Providence, RI 02903-2982 | RI | 1996-09 | $184,322 |
| 13 | Chris W Cruickshank Scholarship Foundation | PO BOX 541, Westerly, RI 02891-0541 | RI | 1990-01 | $135,211 |
| 14 | Westerly College Club | PO BOX 1342, Westerly, RI 02891-0905 | RI | 1996-11 | $34,463 |
| 15 | Schoen Fam Tr Ua 04131998, Schoen Paul G Et Al Ttee | 114 W 47th St Ny, Providence, RI 02901 | RI | 1998-08 | $9,219 |
| 16 | Selectman George T Leach Jr Memorial Scholarship Fund | PO BOX 85, Adamsville, RI 02801-0085 | RI | 1998-12 | $2 |
| 17 | Boscia-Ricci Endowment Fund Inc | 30 De Soto St, Providence, RI 02909-2435 | RI | 1995-04 | $0 |
| 18 | Frank Abate Scholarship Fund | 421 Wood St, Bristol, RI 02809-2309 | RI | 1997-05 | $0 |
| 19 | Society Affects Students Incorporated, S A S Inc | 1272 West Main Rd Suite 228, Middletown, RI 02842-6335 | RI | 1996-05 | $0 |
| 20 | Wayne Findeisen Scholarship Fund | 9 East Avdenue, Westerly, RI 02891 | RI | 1998-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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